The group management expressed optimism about this year's Christmas holiday passenger traffic volume, expecting it to be better than the same period last year, while in terms of freight, it is expected to soar during the traditional peak season demand.
According to the financial news app, Daiwa Securities released research reports stating that Cathay Pac Air (00293) recently announced that its passenger load factor (PLF) has returned to pre-pandemic levels, giving it a rating of "Market Perform", with a target price of 8.1 Hong Kong dollars.
The report quoted the group management as expressing optimism about this year's Christmas holiday passenger traffic volume, expecting it to be better than the same period last year, while in terms of freight, it is expected to soar during the traditional peak season demand. According to the bank's analysis, by calculating the market-to-book ratio of the company in 2025, the weighted probabilities are, in a bullish scenario, global travel recovery faster than expected, with a 10% probability; in a bearish scenario, global travel further delays recovery, with a 10% probability; while the base case probability is higher, at 80%.
